2501 W Olympic Blvd | Los Angeles, CA 90006
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2501 W Olympic Blvd
Los Angeles, CA 90006
Land For Sale · 0.54 AC
Executive Summary
CBRE, Inc is proud to announce its engagement as exclusive marketing consultant for the sale of 2501 W. Olympic Blvd., a 23,418 square foot parcel of land located in an Opportunity Zone. Located in a TOC zone, TIER 3 the site can be entitled for 101 units with approximately 15,800 SF of commercial space.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 0.54 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.54 AC |
1 Lot Available
Lot
| Price | $12,928,050 CAD | Lot Size | 0.54 AC |
| Price Per AC | $24,047,578 CAD |
| Price | $12,928,050 CAD |
| Price Per AC | $24,047,578 CAD |
| Lot Size | 0.54 AC |
Description
The subject site is currently a 19,932.7 SF land site being used for parking. Current ownership has secured entitlements for 173 units and 34,065 SF of Commercial space on the full frontage of Olympic Boulevard. However, using the new TOC guidelines one could build 110 units with 12,500 sf of Retail.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $13,586,652 CAD | Total Assessment | $13,586,652 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$13,586,652 CAD
Improvements Assessment
$0 CAD
Total Assessment
$13,586,652 CAD
zoning
| Zoning Code | C2-2, R4-1 |
| C2-2, R4-1 |
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